Photo of Ashley Wang

Ashley Wang


  • Ph.D., Finance, University of California - Los Angeles, 2003
Current Research Topics
  • Financial Stability, Empirical Asset Pricing
  • Hedge Funds and Mutual Funds, Short-term Funding Markets
  • Section Chief

    Board of Governors of the Federal Reserve System

    2017 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2010 - present
  • Assistant Professor

    Paul Merage School of Business, University of California - Irvine

    2003 - 2010
  • Does Mutual Fund Illiquidity Introduce Fragility into Asset Prices? Evidence from the Corporate Bond Market
    Hao Jiang, Yi Li, Zheng Sun, and Ashley Wang
    Journal of Financial Economics (2022)
  • Dynamic Liquidity Management by Corporate Bond Mutual Funds
    Hao Jiang, Dan Li, and Ashley Wang
    Journal of Financial and Quantitative Analysis (2021)
  • Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence Over Different Market Conditions
    Zheng Sun, Ashley W. Wang, and Lu Zheng
    Journal of Financial and Quantitative Analysis (2018)
    See also » FRB Working Paper (2016)
  • Institutional Investor Preferences for Analyst Forecast Accuracy: Which Institutions Care?
    Natalia Mintchika, Ashley Wang, and Gaiyan Zhang
    International Review of Accounting, Banking and Finance (2014)
  • Road Less Travelled: Strategy Distinctiveness and Hedge Fund Performance
    Zheng Sun, Ashley Wang, and Lu Zheng
    Review of Financial Studies (2012)
  • The Mispricing Return Premium
    Michael J. Brennan and Ashley W. Wang
    Review of Financial Studies (2010)
  • Institutional Ownership and Credit Spreads: An Information Asymmetry Perspective
    Ashley W. Wang and Gaiyan Zhang
    Journal of Empirical Finance (2009)
  • Estimation and Test of a Simple Model of Intertemporal Capital Asset Pricing
    Michael J. Brennan, Ashley W. Wang, and Yihong Xia
    Journal of Finance (2004)
  • Electricity Forward Prices: A High-Frequency Empirical Analysis
    Francis A. Longstaff and Ashley W. Wang
    Journal of Finance (2004)
  • Journal of Finance
  • Journal of Financial Markets
  • Journal of Banking and Finance
  • Energy Journal
  • Journal of Financial and Quantitative Analysis
  • Journal of Empirical Finance
  • International Review of Finance
Professional Affiliation
  • American Finance Association
  • Society of Financial Studies
  • Western Finance Association
Last update: June 30, 2022